Terra Nova Asset Management LLC Reduces Holdings in Jacobs Solutions Inc. (NYSE:J)

Terra Nova Asset Management LLC decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 4.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,372 shares of the company’s stock after selling 530 shares during the period. Terra Nova Asset Management LLC’s holdings in Jacobs Solutions were worth $1,606,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. First Pacific Financial acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $27,000. Clear Street Markets LLC increased its holdings in Jacobs Solutions by 93.8% in the 1st quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock worth $29,000 after acquiring an additional 121 shares in the last quarter. Park Place Capital Corp increased its holdings in Jacobs Solutions by 473.9% in the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after acquiring an additional 218 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Jacobs Solutions in the 3rd quarter worth $42,000. Finally, Money Concepts Capital Corp purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.6 %

Shares of J opened at $153.87 on Friday. The stock has a market capitalization of $19.33 billion, a PE ratio of 27.48, a P/E/G ratio of 1.62 and a beta of 0.73. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The company’s 50-day simple moving average is $144.69 and its 200-day simple moving average is $136.09.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.46. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share. Analysts forecast that Jacobs Solutions Inc. will post 8.06 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 22nd. Jacobs Solutions’s dividend payout ratio is presently 20.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Argus upped their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Truist Financial assumed coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective for the company. Finally, Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.27.

Insider Buying and Selling

In related news, EVP Patrick Hill sold 5,486 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the sale, the executive vice president now directly owns 57,233 shares in the company, valued at $8,527,717. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the transaction, the executive vice president now owns 57,233 shares in the company, valued at $8,527,717. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.